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Standard Rate in GST Could be 27%: EY

PUBLISHED ON: December 22, 2014 | Duration: 28 min, 27 sec

  
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Satya Poddar, partner, Tax and Regulatory Services, EY told NDTV that the empowered committee has stated that the standard revenue neutral rate they have worked out could be in the range of 27 per cent. This would be detrimental for the services sector, that currently pays 12.36 per cent, he said.
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